1. First, you are entitled to Part A—Hospitalization when you turn age 65.*
2. Second, you can enroll in Part B—Services outside of the hospital, when you turn age 65.**
You can still have tens of thousands of dollars out of pocket potentially, so that is why most people then elect a Medicare supplement or Medicare Advantage plan.
a. Medicare supplement (or Medigap) plans, are typically PPO plans that are additional monthly premium. You also need a Part D prescription plan, which is an additional premium.
b. A Medicare Advantage plan is generally an HMO plan. It is usually no monthly premium and includes the Part D prescription plan.
There are exceptions that may change your needs for your particular situations. Feel free to contact us or read more in our other Medicare links.
* If you have worked for 40 Quarters
** Cost varies depending on income level